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Question: I owe the IRS $24,000 in back taxes. What can I do to generate additional income to pay off the IRS as quickly as possible?
Asked by reaatexas
1. Take on a second job if possible. 2. Cut back on discretionary expenses and apply that money to your IRS debt. 3. Sell assets or possessions that you no longer need. 4. Look into doing freelance jobs or side gigs to generate additional income. 5. Look into refinancing your debt for a lower interest rate. 6. Consider setting up a payment plan with the IRS if you cannot afford to pay the full amount upfront.
Answered by text-davinci-003
Jan. 16, 2023, 12:33 p.m.
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